Environmental Monitoring Market Size is Projected to grow at 8.2% CAGR between the Forecast period.
The Global environmental monitoring market size was valued at $19.89 billion in 2022, and is projected to reach $43.48 billion by 2030, growing at a CAGR of 8.2% from 2022 to 2030. The global environmental monitoring market refers to the market for products, services, and technologies used for monitoring environmental conditions such as air quality, water quality, soil quality, and weather patterns. This market is driven by increasing concerns over environmental degradation, pollution, and climate change, as well as regulations and policies aimed at mitigating these issues.
Browse 215 market data Tables and 96 Figures spread through 316 Pages and in-depth TOC on "Environmental Monitoring Market Size, Share & Trends Estimation Report By Outlook, By Region, And Segment Forecasts, 2022 - 2030" View detailed Table of Content here-https://www.contrivedatuminsights.com/product-report/environmental-monitoring-market-248680/
The market includes a variety of technologies and products such as sensors, data loggers, telemetry systems, and software platforms for data management and analysis. It also includes services such as consulting, training, and maintenance.
Market Dynamics
Growing concerns over environmental degradation: Increasing awareness about environmental issues such as air and water pollution, deforestation, and climate change is driving the demand for environmental monitoring solutions.
Stringent government regulations: Governments around the world are implementing stringent regulations to protect the environment and public health. This is driving the adoption of environmental monitoring solutions in various industries.
High initial costs: The cost of implementing environmental monitoring solutions can be high, which can be a barrier to adoption for some organizations and individuals.
Lack of awareness and education: Lack of awareness and education about the importance of environmental monitoring and the benefits of implementing such solutions can be a restraining factor.
Increasing demand for real-time monitoring: Real-time environmental monitoring solutions are becoming increasingly popular due to their ability to provide instant and accurate data on environmental conditions. This presents an opportunity for the development of innovative and user-friendly real-time monitoring solutions.
Growth in emerging markets: Emerging markets such as Asia-Pacific and Latin America are expected to drive the growth of the environmental monitoring market due to increasing industrialization and urbanization, as well as growing awareness about environmental issues.
Environmental Sensors include various types of sensors used in environmental monitoring systems, such as temperature sensors, gas sensors, and humidity sensors. Environmental sensors play a crucial role in providing accurate and reliable data for decision-making. Environmental monitoring software is used for data management, analysis, and reporting. This software helps organizations to store, analyze, and interpret large amounts of data generated by environmental monitoring systems.
Telemetry Systems include communication systems used to transmit data from environmental monitoring systems to a central location for analysis and reporting.
Wearable Environmental Monitors are portable devices that can be worn by individuals to monitor their personal exposure to environmental pollutants such as air pollutants, UV radiation, and noise pollution.
The global environmental monitoring market is expected to grow significantly in the coming years, driven by the increasing adoption of monitoring technologies by governments, industries, and individuals.
Healthcare facilities use environmental monitoring solutions to maintain a safe and healthy environment for patients and staff, monitoring parameters such as air quality, water quality, and temperature. Energy and utilities companies use environmental monitoring solutions to monitor emissions, air and water quality, and ensure compliance with environmental regulations.
The agriculture industry uses environmental monitoring solutions to monitor soil quality, weather conditions, and water availability to optimize crop yields and minimize environmental impact. Other end-use applications for environmental monitoring solutions include transportation, research, and education.
Regional Analysis
The environmental monitoring market in Asia-Pacific is expected to grow significantly due to increasing industrialization and urbanization, as well as growing awareness of environmental issues. China, India, and Japan are the major contributors to market growth in this region.
The environmental monitoring market in Latin America is driven by the increasing adoption of environmental monitoring solutions by the government and various industries. Brazil, Mexico, and Argentina are the major contributors to market growth in this region.
The environmental monitoring market in the Middle East & Africa is driven by the growing need for environmental monitoring solutions in oil & gas, mining, and other industries. The presence of major oil-producing countries such as Saudi Arabia and the United Arab Emirates also contributes to market growth in this region.
Competitive Analysis
The market is dominated by several key players, including Agilent Technologies, Danaher Corporation, Thermo Fisher Scientific Inc., Teledyne Technologies Inc., and Merck KGaA. These companies are focused on developing innovative products and solutions, expanding their geographic reach, and acquiring smaller players to strengthen their market position.
In January 2022, Thermo Fisher Scientific acquired San Diego-based biotech company GeneOhm Sciences, a provider of molecular diagnostic testing for infectious diseases. This acquisition is expected to strengthen Thermo Fisher's diagnostics offerings for environmental monitoring applications.
In December 2021, Vaisala announced the acquisition of Finnish company Optofidelity, a provider of testing and measurement solutions for the electronics industry. This acquisition is expected to expand Vaisala's product portfolio in the environmental monitoring market.
In September 2021, Sensirion, a Swiss provider of environmental monitoring sensors and solutions, announced an investment of CHF 10 million (approximately USD 11 million) to expand its production capacity for environmental sensors.
In August 2021, Honeywell International announced a partnership with Waviot, a provider of Internet of Things (IoT) solutions for environmental monitoring applications. This partnership is expected to enhance Honeywell's IoT capabilities in the environmental monitoring market.
In May 2021, General Electric announced a partnership with Dow Chemical Company to develop a new technology for water treatment and reuse in the oil and gas industry. This partnership is expected to expand GE's offerings in the environmental monitoring market.
Segmentation Analysis of The Global Environmental Monitoring Market 2022-2030
The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global Environmental Monitoring market report based on capacity, vehicle, application, and propulsion type along with regional analysis.
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Monitors
- Indoor
- Outdoor
- Portable
- Software
- Services
Sampling Method Outlook (Revenue, USD Million, 2014 - 2025)
- Active
- Continuous
- Intermittent
- Passive
Component Outlook (Revenue, USD Million, 2014 - 2025)
- Temperature
- Moisture
- Biological
- Chemical
- Particulate Matter
- Noise
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Air Pollution
- Water Pollution
- Soil Pollution
- Noise Pollution
End-use Outlook (Revenue, USD Million, 2014 - 2025)
- Government
- Corporate
- Energy & Utilities
- Healthcare
- Agriculture
- Others
Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America